6-K

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of April 2005

Commission File Number: 033-97038

           BRASCAN CORPORATION          
(Translation of registrant’s name into English)

BCE Place
Suite 300
181 Bay Street, P.O. Box 762
oronto, Ontario, Canada M5J 2T3
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.

Form 20-F _____ Form 40-F __X___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule101(b)(7): ____

Indicate by check mark whether by furnishing the information contained in this Form, the
registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-
2(b) under the Securities Exchange Act of 1934.

Yes _____ No __X__

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82- ________

INCORPORATION BY REFERENCE

       The Form 6-K of Brascan Corporation dated April 19, 2005 and the exhibit thereto are hereby incorporated by reference as exhibits to Brascan Corporation’s registration statement on Form F-9 (File No. 333-112049).

EXHIBIT LIST

Exhibit	Description
99.1	Press Release, Dated April 19, 2005, Regarding
	Brascan Announces Normal Course Issuer Bid

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: April 19, 2005

BRASCAN CORPORATION

By:   /s/ Brian Lawson                                               
        Name: Brian D. Lawson
        Title:Executive Vice President & CFO

EX-99

News Release

BRASCAN CORPORATION
ANNOUNCES NORMAL COURSE ISSUER BID

TORONTO, April 19, 2005 – Brascan Corporation (NYSE / TSX: BNN) today announced that it has received approval from the Toronto Stock Exchange for its proposed normal course issuer bid to purchase up to 21,000,000 Class A Limited Voting Shares (“Class A Shares”), representing approximately 10% of the public float of the company’s outstanding Class A Shares. Purchases pursuant to the bid will be made through the facilities of the Toronto Stock Exchange and the New York Stock Exchange. The period of the normal course issuer bid will extend from April 21, 2005 to April 20, 2006, or an earlier date should Brascan complete its purchases. Brascan will pay the market price at the time of acquisition for any Class A Shares purchased through the facilities of the Exchanges. All Class A Shares acquired by Brascan under this bid will be cancelled. As at April 12, 2005, the number of Class A shares issued and outstanding totalled approximately 259.7 million.

Under its current normal course issuer bid that commenced on April 21, 2004 and expires on April 20, 2005, Brascan has purchased 417,695 Class A Shares through open market purchases on the Toronto Stock Exchange and the New York Stock Exchange at an average price per shares of C$42.80.

Brascan maintains an issuer bid because it believes that, from time to time, the market price of its Class A Shares may not fully reflect the underlying value of its business and its future business prospects. The company believes that, in such circumstances, the outstanding Class A Shares represent an attractive investment for Brascan, since a portion of the company’s excess cash generated on an annual basis can be invested for an attractive risk adjusted return on capital through the issuer bid.

***

Brascan Corporation is an asset management company. With a focus on property, power and other infrastructure assets, the company has direct investments of $20 billion and a further $7 billion of assets under management. This includes 70 premier office properties and over 120 power generating plants. The company is listed on the New York and Toronto stock exchanges under the symbol BNN.

For more information, please visit our web site at www.brascancorp.com or contact:

Katherine C. Vyse
SVP, Investor Relations and Communications
Tel: 416-369-8246
e-mail: kvyse@brascancorp.com

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